Ann Fox Quotes
[Courtesy overdraft is controversial because, unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time that's given to pay back the overdraft amount often translate to] triple-digit interest rates... Banks have essentially gone into the business of payday lending. 
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Courtesy | Overdraft | Controversial | Types | Bounced |
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[Unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time given to pay back the overdraft often translate to] triple-digit interest rates... Banks have essentially gone into the business of payday lending.
- Ann Fox
